Law in a Flash: Federal Income Tax provides students a concise and comprehensive set of flash cards that will serve as the foundation for excellent exam performance. This application features nearly 400 cards to help you efficiently review for exams. The cards are organized to mirror the way most Federal Income Tax casebooks address topics, ensuring a seamless integration of this innovative study tool into existing review practices.
Topics:
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History & Background of Tax Law
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Definitions of 14 Basic Tax Concepts
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Gross Income
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Gain & Basis
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Spousal Support
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Exclusions from Income
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Deductions
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Business Deductions
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Deductions for Personal Expenses
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Home Office Expenses
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Capitalizing Expenses
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Depreciation
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Investment Income
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Losses Recognized by Code
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Deductions for State & Local Taxes
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Charitable Deductions
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Deductions for Medical Expenses
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Personal Exemptions
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Tax Credits
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Attribution
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Interest-Free Loans
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Capital Gains & Losses
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Timing Problems
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Business Inventory
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Like Kind Exchanges
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Carry Forwards & Carry Backs
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Computations & Alternative Minimum Tax
Within each topic, the cards begin with a definition and theory questions, followed by hypotheticals that teach you how to apply specific legal principles to the level of detail tested on law school exams and the Multistate Bar Exam.
With the ability to bookmark cards, add notes, and shuffle cards, Law in a Flash: Federal Income Tax offers multiple ways to study for your exams.
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